KPIs are the ROCKET FUEL for building a safe workplace! Have you ever been tasked with building Key Performance Indicators (KPIs) for a safety program at your workplace?
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Developing KPIs can be daunting for anyone! It is such a big undertaking that there are multiple systems and books written on creating KPIs and other tracking metrics to make sure that your team is on track. On some of the projects that our team here at Safety Evolution has been on, the KPI Excel sheet had 20 tabs and then was linked into the main tracking Excel document!
So, where do you begin? How do you determine the top items that you need to track?
The place to start is to understand the leading and lagging indicators of workplace safety.
What Are Workplace Safety Leading Indicators?
We define Leading Indicators as - Proactive, preventative, and predictive measures that monitor and provide current information about the effective performance, activities, and processes of an EHS management system.
What Are Lagging Indicators For Workplace Health & Safety?
Lagging Indicators are defined as - Measuring the effectiveness of a company's health and safety program by tracking incident statistics.
How Do I Find Which Safety KPI's I Should Use?
Start by finding the direction of the company. What is the business trying to do? What is the information that the management team or client requires? What are the challenges that you, as a safety professional, face? What are you wanting to accomplish?
Once you have answered these questions, step back and think:
How do these things relate to one another?
How do they reflect the strength of your safety culture?
Key Performance Indicators, built with intention, help reduce workplace incidents and provide leadership with comparative data that motivates connection to the Safety Management program. KPIs keep workers up to date with safety trends and gives credibility to the company's safety culture. And last, but not least, KPIs shine a bright light on compliance issues.
What Should I Include In My Safety KPI's?
Rate of Injury, Near Misses, Safety Inspections & Audits, Corrective Actions, New Employee Training, Employee Wellness
How To Start Creating My Company's Safety KPI's Tracking Sheet?
1. Each Key Performance Indicator that you build must align with a goal or target of the business.
Begin with a spreadsheet format or safety software to convert your data into useful metrics for your KPI dashboard. Use formulas to develop the analytics for your targets. For example:
Lost Time Injury Frequency Rate (LTIF):
The number of lost time injuries that happen per million hours: Multiply the number of lost-time injuries by 1,000,000 then divide by the total number of hours worked in an organization.
Lost time injuries X 1,000,000
______________________________ = LTIFR
Total hour worked
2. Remember that KPIs are developed as a way to communicate! Share KPIs with your stakeholders.
3. Consistently review the data captured in the KPIs. Does the information provide the analytics needed to successfully move toward the associated target?
4. Key Performance Indicators should be actionable. Schedule regular reviews. Develop a process for correction and accountability.
How Safety Evolution's Safety Software Makes Tacking My KPIs Easy!
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